Gofen & Glossberg LLC IL Raises Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Gofen & Glossberg LLC IL lifted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,778 shares of the exchange traded fund’s stock after purchasing an additional 88 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Invesco QQQ Trust were worth $5,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Krilogy Financial LLC grew its holdings in shares of Invesco QQQ Trust by 45.6% during the 2nd quarter. Krilogy Financial LLC now owns 4,193 shares of the exchange traded fund’s stock valued at $1,175,000 after purchasing an additional 1,314 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Invesco QQQ Trust by 1.4% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 94,209 shares of the exchange traded fund’s stock valued at $26,405,000 after purchasing an additional 1,268 shares during the last quarter. Compass Advisory Group LLC bought a new position in shares of Invesco QQQ Trust during the 2nd quarter valued at $200,000. Vista Wealth Management Group LLC bought a new position in shares of Invesco QQQ Trust during the 2nd quarter valued at $423,000. Finally, Zhang Financial LLC grew its holdings in shares of Invesco QQQ Trust by 200.4% during the 2nd quarter. Zhang Financial LLC now owns 7,540 shares of the exchange traded fund’s stock valued at $2,113,000 after purchasing an additional 5,030 shares during the last quarter. Hedge funds and other institutional investors own 41.46% of the company’s stock.

Invesco QQQ Trust Stock Down 1.2 %

QQQ stock opened at $280.07 on Friday. Invesco QQQ Trust has a 52 week low of $269.28 and a 52 week high of $408.71. The firm’s fifty day moving average is $307.43 and its 200 day moving average is $312.52.

Invesco QQQ Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Tuesday, September 20th will be issued a $0.519 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, September 19th.

Invesco QQQ Trust Company Profile

(Get Rating)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ Trust (NASDAQ:QQQGet Rating).

Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ Trust and related companies with MarketBeat.com's FREE daily email newsletter.